Construction Contract Cost Plus With Gmp In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with GMP in Bronx is a legally binding agreement between a Contractor and an Owner for the construction of a project, clearly outlining responsibilities, scope of work, and payment structures. Key features include the specification of a work site, permit acquisition responsibilities, and stipulations regarding soil conditions. The form allows for changes to the scope of work through documented change orders and establishes a cost-plus payment model, where the Owner pays the actual cost of materials plus a specified fee for the Contractor's services. Additionally, it includes provisions for late payments, default penalties, and warranty limitations. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in the Bronx, providing a clear framework for managing construction projects, mitigating risk, and ensuring compliance with legal requirements. Users can fill it out by entering specific project details, and it may require adaptation to meet local regulations and practices.
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FAQ
The GMP Budget is the amount the Trustees have budgeted for the construction Contract. The award of a construction contract is contingent upon receiving an actual GMP within the GMP Budget.
